Flare Raises $30 Million in Series B
Flare, a Montreal, Canada-based company that provides threat exposure management (TEM) solutions, has raised $30 million in Series B funding.
The round was led by Base10 Partners, with participation from Inovia Capital, White Star Capital, and Fonds de solidarité FTQ.
Base10 Partners is a San Francisco, CA-based venture capital firm that invests in founders who believe purpose is key to profits and in companies that are automating sectors of the Real Economy. Through its program, the Advancement Initiative, Base10 donates 50% of its profits to underfunded colleges and universities to support financial aid and other key initiatives.
The funding will support Flare’s expansion in Europe and further growth in North America.
Flare provides Threat Exposure Management (TEM) solutions, specializing in advanced cybersecurity to help organizations identify and manage potential security threats. The company's platform leverages cutting-edge data collection, threat intelligence, and artificial intelligence (AI) to provide actionable insights on cyber risks, including attacker-used credentials and target systems.
Funding Details
Company: Flare Systems, Inc.
Raised: $30.0M
Round: Series B
Funding Date: December 2024
Lead Investor: Base10 Partners
Additional Investors: Inovia Capital, White Star Capital, Fonds de solidarité FTQ
Company Website: https://flare.io/
Software Category: Cybersecurity Solutions